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HomeMy WebLinkAboutagenda.apz.20170516 AGENDA Aspen Planning and Zoning Commission REGULAR MEETING May 16, 2017 4:30 PM Sister Cities Meeting Room 130 S Galena Street, Aspen I. SITE VISIT II. ROLL CALL III. COMMENTS A. Commissioners B. Planning Staff C. Public IV. MINUTES V. DECLARATION OF CONFLICT OF INTEREST VI. PUBLIC HEARINGS A. 404 Park Ave - Amendment to a Growth Management Development Order VII. OTHER BUSINESS VIII. BOARD REPORTS IX. ADJOURN Next Resolution Number: 9, Series 2017 Typical Proceeding Format for All Public Hearings 1) Conflicts of Interest (handled at beginning of agenda) 2) Provide proof of legaJ notice (affi d avit of notice for PH) 3) Staff presentation 4) Board questions and clarifications of staff 5) Applicant presentation 6) Board questions and clari fications of applicant 7) Public comments 8) Board questions and clarifications relating to public comments 9) Close public comment portion of bearing 10) Staff rebuttal /clarification of evidence presented by applicant and public comment 1 1 ) Applicant rebuttal/clarification End of fact finding. Deliberation by the commission commences. No further interaction between commission and staff, applicant or public 12) Chairperson identified the issues to be discussed among commissioners. 13) Discussion between commissioners* 14) Motion* *Make sure the discussion and motion includes what criteria are met o r not met. Revised April 2, 2014 Page 1 of 4 MEMORANDUM TO: Planning and Zoning Commission FROM: Ben Anderson, Planner THRU: Jennifer Phelan, Deputy Planning Director MEETING DATE: May 16, 2017 RE: 404 Park Avenue – Amendment to Growth Management Quota System Approval – Request to have a mix of ownership and rental units APPLICANT /OWNER: Peter Fornell of Fat City, LLC REPRESENTATIVE: Sara Adams, BendonAdams, LLC LOCATION: Street Address: 404 Park Avenue. Legal Description: Lot 3, Sunny Park Subdivision recorded at Book 3 Page 18, that part of vacated Park Avenue being adjacent to said Lot 3 according to Ordinance No. 11 (Series of 1972) City of Aspen recorded in Book 265 Page 1, all of that parcel of land described in the special warranty deed at Book 765 Page 858, plus an easement on portion of Lot 5, Sunny Park Subdivision, described in Book 264 Page 787. Parcel Identification Number: 2737-074-04-705 CURRENT ZONING & USE The property, which is located in the Residential Multi-Family (RMF) Zone District, is currently subject to a planned development overlay. The property contains 14 residential units housed in four separate buildings. In Fall 2016, Council approved a conditional removal of the existing planned development overlay. The new project is proposed to not require the overlay. In December of 2016, The applicant received approval for a 28-unit affordable housing project. PROPOSED LAND USE: In the affordable housing project approved in P&Z Resolution No. 11, Series of 2016, all 28 units were approved as ownership units – a mix of Category 3 and 4 (with one RO unit). The project will conform to the RMF Zone Districe The applicant is now proposing a mix of units that would include both ownership and rental units. STAFF RECOMMENDATION: The Land Use Code allows owner units and is permissive of rental units as affordable housing units and in the issuance of affordable housing credits. Staff supports the three proposed options for tenancy (100% owner occupied, 100% rental occupied, or a mix of owner and renter units) subject to the conditions provided by APCHA and included in the Draft Resolution. SUMMARY: The applicant is proposing a change to a previous approval for an affordable housing project. Resolution No. 11, Series of 2016 granted approval for a 28-unit (1, 2 and 3 bedrooms) affordable housing project. The mix would award a total of 64 FTE housing credits – split evenly between Category 3 and 4. Essential to this application, the original approval was for all units to be occupied by owner tenants. The proposed change would allow a mix of owner and renter tenants. Figure 1. 404 Park Avenue. Rendering of approved redevelopment. P1 VI.A. Page 2 of 4 LAND USE REQUEST AND REVIEW PROCEDURES: The Applicant is requesting the following land use approvals from the Planning and Zoning Commission: • Growth Management – Affordable Housing Review (GMQS) Three sections of the Growth Management chapter apply to this review: 26.470.150.B Substantial Amendment to a growth management development order; 26.470.080 General Review Standards; and 26.470.100.D Planning and Zoning Commission Applications – Affordable Housing. Planning and Zoning Commission is the final review authority for these criteria. BACKGROUND: 404 Park Ave. is an existing multi-family, free-market residential development with 14 units. The parcel, which is nearly 18,000 square feet (.41 acres), lies at the intersection of Park Circle and Park Avenue and is adjacent to Midland Park. The property is currently subject to a Planned Development overlay (PD). In August of 2016, City Council approved Ordinance No. 20 (Series of 201) that removes the PD at the completion of the redevelopment of the property with a 100% affordable housing project. In December of 2016, the Planning and Zoning Commission approved Resolution 11(Series of 2016, by a vote of 5 – 0, for the redevelopment of the site with a new, 28 unit, affordable housing project. The project is subject to the dimensional requirements of the Residential Multi-Family Zone District (RMF). The project will include a total of 28 units, with a mix of 1, 2 and 3 bedroom apartments. The completed project would award 64 FTE Affordable Housing Credits (32 FTE each of Category 3 and 4 credits). One unit in the project was approved as a Resident-Occupied (RO) unit. All units were approved as owner-occupied units. PROJECT SUMMARY: This application proposes a single change to the approval granted by Resolution No. 11 (Series of 2016). In the approval, the project proposed the units as owner occupied. The applicant is requesting an amendment that would allow a mix of owner-occupied and renter-occupied units. The renter occupied units would be owned by a third party who would then rent the units to APCHA qualified tenants. While not a requirement, the potential owners of these units could be lodges or other local businesses who need employee housing or to mitigate for a development project’s affordable housing requirements. There are no changes proposed to the mass or form of the building, or the number or size of units. STAFF COMMENTS: Referencing the Land Use Code (26.470.100.D; Affordable Housing, and 26.540.030; Housing Credits) in regards to affordable housing units, the units “shall be deed restricted as for sale” or “may be for rent”. Staff views this language as a clear allowance of owner occupied units and a permissiveness of rental units. Said another way, rental units can be approved, but the approval is discretionary. In both cases the tenants would be APCHA qualified based on the deed restriction for a particular unit and the APCHA guidelines. As staff understands the applicant’s intent, the proposed renter-occupied units would be purchased by third party interests who would then rent the units to APCHA-qualified tenants. The Land Use Code, in this same section, “encourages affordable housing units required for lodge development to be rental units associated with lodge operation and contributing to the long-term viability of the lodge.” The only review criteria provided by this section of the code discussing rental units requires a “legal instrument in a form acceptable to the City Attorney (that) ensures permanent affordability of the units.” P2 VI.A. Page 3 of 4 As is the case with all projects that involve issues relating to affordable housing, this application was referred to APCHA for a recommendation. APCHA’s staff and board were in strong support of the original proposal that consisted of 100% owner units. However, in conversation with APCHA staff regarding the application, and reflected in both the staff memo and the APCHA Board recommendation from the meeting on April 5, 2017, three concerns are raised by the proposed mix of owner and renter units: 1) Based on experience, APCHA has concerns about these kinds of rental units and the frequency of non-compliance with requirements to ensure that APCHA qualified tenants are residing in the units. 2) Again, based on APCHA’s experience, the mixture of owner and renter tenants in the same development can create difficulties within the HOA – and generally, it is more difficult to create a cohesive, functional relationship between residents. 3) Most importantly, if the majority of development becomes renter occupied (more than 49%), or if a single entity owns more than 10% of the units in a development, the owner occupied units cannot qualify for conventional mortgages (due to lending requirements of Fannie Mae and Freddie Mac). After further research and conversation with APCHA, Staff (and the applicant) agrees with the following framework of options in defining the project’s tenancy: the units would be deed-restricted as 1) 100% owner-occupied; or 2) 100% rental occupied; or 3) a mix of owner and renter occupied units. The deed restriction required for issuance of the Certificate of Occupancy will identify the tenancy type(s) of the completed project. Each of the three options will require compliance with the conditions provided by APCHA. Because this request for a change to the project directly intersects with the day to day operations of APCHA, and because the applicant would like to have continued flexibility in determining which of the tenancy options will ultimately define the project, Staff finds it important that APCHA’s recommended conditions be included in the Draft Resolution, should P&Z approve this amendment. Most of the conditions are directly related to APCHA’s Guidelines ensuring that residents are APCHA qualified tenants, units meet APCHA requirements, and units and residents contribute to the larger purposes of the affordable housing program. However, two specific conditions are of particular importance if the project becomes a mix of owner and renter occupied units. First, renter occupied units must make up less than 50% of the total number of units (in this case, 13). Secondly, a single owner can own no more than 10% of the total units (in this case, 2). These two conditions will prevent a situation that would prevent owners from qualifying for conventional mortgage financing. The full set of recommended conditions is contained within Section 3 of the Draft Resolution. If rental units are approved, Staff finds that these conditions are necessary to give direction to the deed restriction(s) that will eventually define these units. P3 VI.A. Page 4 of 4 RECOMMENDATION: Community Development Staff supports the requested tenancy flexibility for the 28 affordable housing units at 404 Park Ave. At completion, the development may be deed restricted as 1) 100% owner-occupied, or 2) 100% renter-occupied, or 3) a mix of owner and renter-occupied; subject to conditions. PROPOSED MOTION: If the Commission agrees with the staff recommendation, the following motion is proposed: “I move to approve Resolution XX granting three (3) options in establishing the deed-restricted tenancy- type for the redevelopment of 404 Park Avenue, subject to conditions. ATTACHMENTS: Exhibit A Growth Management – Review Criteria and Staff Findings Exhibit B Application, Amendment to a Growth Management Development Order Exhibit C Staff Memo, APCHA Exhibit D Comment from neighbor adjacent to project site P4 VI.A. Page 1 of 5 RESOLUTION NO. XX (SERIES OF 2017) A RESOLUTION OF THE PLANNING AND ZONING COMMISSION OF THE CITY OF ASPEN APPROVING A SUBSTANTIAL AMENDMENT TO A GROWTH MANAGEMENT DEVELOPMENT ORDER FOR THE PROPERTY LOCATED AT LOT 3, SUNNY PARK SUBDIVISION, COMMONLY KNOWN AS 404 PARK AVENUE. Parcel Identification Number: 2737-074-04-705 WHEREAS, Mr. Peter Fornell of Fat City, LLC, submitted an application for a review of a Substantial Amendment to a Growth Management Development Order by the Planning and Zoning Commission to allow for flexibility in the tenancy (owner and renter occupancy) of the previously approved development of 28 deed-restricted, affordable housing units at 404 Park Avenue; and, WHEREAS, the Aspen City Council, in Ordinance No. 20, Series of 2016, voted to approve the removal of an existing Planned Development overlay on the parcel, subject to conditions including the creation of a 100% Affordable Housing development; and, WHEREAS, the property is located in the Residential Multi-family (RMF) zone district; and, WHEREAS, the Planning and Zoning Commission, in Resolution No. 11, Series of 2016, granted approval of reviews for Affordable Housing, Certificates of Affordable Housing Credits, a Dimensional Variance, and Residential Design Standards for the development of 28 deed-restricted, affordable housing units at 404 Park Avenue WHEREAS, the Aspen/Pitkin County Housing Authority’s Board of Directors considered the application for an Amendment at their scheduled meeting on April 5, 2017 and provided a recommendation of approval, subject to conditions; and, WHEREAS, the Community Development Department received a staff memo outlining the recommended conditions on the Amendment application from the Aspen/Pitkin County Housing Authority (APCHA); and, WHEREAS, the Community Development Director has reviewed the application and has provided a recommendation to approve the Substantial Amendment; subject to conditions; and, WHEREAS, the Planning and Zoning Commission has reviewed and considered the development proposal under the applicable provisions of the Municipal Code as identified herein, has reviewed and considered the recommendation of the Community Development Director, and has taken and considered public comment at a duly noticed public hearing on May 16, 2017; and, Draft P5 VI.A. Page 2 of 5 WHEREAS, the Planning and Zoning Commission finds that the development proposal meets the applicable review criteria and that the approval of the Amendment request is consistent with the goals and objectives of the Land Use Code; and, WHEREAS, the Planning and Zoning Commission finds that this resolution furthers and is necessary for the promotion of public health, safety, and welfare. WHEREAS, the Planning and Zoning Commission approved Resolution XX, Series of 2017, by a X to X (X - X) vote, granting approval of a Substantial Amendment to a Growth Management Development Order, as identified herein. NOW, THEREFORE, BE IT RESOLVED BY THE CITY OF ASPEN PLANNING AND ZONING COMMISSION AS FOLLOWS: Section 1: Approvals Pursuant to the procedures and standards set forth in Title 26 of the Aspen Municipal Code, the Planning and Zoning Commission hereby approves the following land use review: Substantial Amendment to a Growth Management Development Order; allowing for a change to the tenancy / occupancy type of the previously approved units. With the exception of the approved Amendment, the project is subject to the approvals granted previously in Ordinance No. 20, Series of 2016 and P&Z Resolution 11, Series of 2016, and to the requirements of the Residential Multi-family (RMF) zone district. Section 2: Amendment to Tenancy/Occupancy Type Where Resolution No. 11, Series of 2016 allowed for 100% owner-occupied units, this resolutions allows three options in establishing tenancy type. The project may be 1) 100% owner- occupied; or 2) 100% renter-occupied; or 3) a mix of owner-occupied and renter-occupied units. The deed restriction required for issuance of the Certificate of Occupancy will identify the tenancy type of the completed project. Section 3: APCHA Conditions 100% Ownership Project: 1. As shown in the application, the unit sizes meet the 20% reduction requirement and the criteria for the reduction; therefore, the units meet the minimum square footage as stated in the Guidelines. 2. All bedrooms shall contain a closet. 3. All units shall include a refrigerator/freezer, stove/oven with hood, dishwasher, and washer/dryer hookups. 4. Based on Part III, Section 6.C.3, Priority of Qualified Tenants and Owners Selected by Developer, of the Guidelines, the developer has the right to choose APCHA-qualified owners to occupy one-third of the affordable housing units if the households meet the top priority criteria (four-year minimum work requirement, minimum occupancy requirement, category, not own other property within the OEZ). Any units not pre-selected and the balance of the units shall be marketed and sold as stated in the Guidelines through APCHA. P6 VI.A. Page 3 of 5 The developer has the right to select the initial APCHA qualified buyer (as stated above) of 30% of the units with the condition that the selected owners do not own any real estate within the ownership exclusion zone defined in the Guidelines. Any resales will go through the lottery system as stated in the Guidelines. 5. Based on the common elements that will need to be maintained by the HOA, no Category 1 or 2 shall be allowed; the request is to have a mix of Category 3 and Category 4 units. 6. APCHA must approve the initial sales price for the RO unit of which will be deed restricted accordingly and as stated in the Guidelines. 7. A Capital Reserve Study is required to be provided to the HOA and to APCHA by a certified reserve specialist at the time of Certificate of Occupancy, or within one month of CO. Extinguishment of any credits shall not be allowed until the Capital Reserve Study is completed and accepted by APCHA. 8. APCHA is satisfied with the proposed onsite parking and recommends that the Planning and Zoning Commission approve the project as is. 9. APCHA recommends that the Engineering Department reconsider the ability to have on- street parking for this project. 10. The developer shall obtain approval of all condominium documents to APCHA for review prior to acceptance. These shall include, but may not be limited to, the following: a. Articles of Incorporation b. By-Laws c. Condominium Declaration d. Condo Plat Map e. Nine required governance policies required by the Colorado Common Interest Ownership Act (CCIOA). f. Budget 11. At the closing on all units, the developer shall provide to each new homeowner a binder that will include, but may not be limited to, the following: a. All condominium documents stated in #8 above; b. All mechanical warranties, all warranties for appliances, etc. 100% Rental Project: 1. All employers requesting to purchase a unit must obtain approval by APCHA and must meet the definition of a qualified Pitkin County Employer defined in the Guidelines and as it is amended from time to time. A City of Aspen business license will be one means of proof as a Pitkin County employer. Employer (Pitkin County Employer) - A business whose business address is located within Aspen and/or Pitkin County, whose business employs employees (as defined herein) within Pitkin County, who work in Pitkin County, and whose business taxes are paid in Aspen or Pitkin County. If an employer is not physically based in Pitkin County, an employee must be able to verify that they work in Pitkin County a minimum of 1500 hours per calendar year for individuals, businesses or institutional operations located within Pitkin County. 2. A self-employed owner cannot reside in the unit. 3. All new tenants must be approved PRIOR to signing a lease and occupying the unit. 4. Minimum occupancy for all units is required. 5. Employers cannot reside in the unit; units must be occupied by Qualified Employees. P7 VI.A. Page 4 of 5 6. All tenants/roommates will be required to complete the qualification packet prior to signing a new lease or renewing their current lease. 7. All tenants/roommates will be required to requalify as stipulated in the Guidelines and as they are amended from time to time. 8. All leases must be provided to APCHA and state the length of the lease, the amount of rent, and signed by both the tenant and the landlord. 9. If at such time the unit is found to be out of compliance, and upon receipt of APCHA’s Notice of Violation (NOV), a fine shall be assessed each day the unit is out of compliance. The fine will be $500 per day, unless specified differently in the Guidelines and as they are amended from time to time. 10. At such time the fines are assessed, the management of the noncompliant unit shall be turned over to APCHA to manage, and the owner will be required to pay a management fee as determined by APCHA. No fines or fees shall be assessed to the tenant. Mixed Ownership/Rental Project: 1. All criteria stated under 100% ownership units shall apply. 2. All criteria stated under 100% rental project shall also apply. If the employer is found to be out of compliance, and after the Notice of Violation (NOV), a fine shall be assessed each day the unit is out of compliance. The fine will be $500 per day, unless specified differently in the Guidelines and as they are amended from time to time. The owner shall also be required to list the unit for sale with APCHA and sold through the lottery system. 3. The rental units must not exceed 49% of the total units within the project. 4. One entity/owners must not own more than 10% of any units within the project. 5. All rental units must meet the minimum occupancy requirements. 6. Employers must be approved by APCHA prior to purchasing the unit as stated above under the 100% rental project section. Prior to a Certificate of Occupancy being issued for the completed project, a deed restriction for the units will be approved by the City Attorney and APCHA that reflects the requirements of this resolution and Resolution No. 11, Series of 2016. Section 4: Vested Rights This approval of an amendment does not change the period of vested rights established by Resolution 11, Series of 2016. The development order remains effective through December 20, 2019. Section 5: All material representations and commitments made by the Applicant pursuant to the development proposal approvals as herein awarded, whether in public hearing or documentation presented before the Planning and Zoning Commission, are hereby incorporated in such plan development approvals and the same shall be complied with as if fully set forth herein, unless amended by an authorized entity. P8 VI.A. Page 5 of 5 Section 6: This resolution shall not affect any existing litigation and shall not operate as an abatement of any action or proceeding now pending under or by virtue of the ordinances repealed or amended as herein provided, and the same shall be conducted and concluded under such prior ordinances. Section 7: If any section, subsection, sentence, clause, phrase, or portion of this resolution is for any reason held invalid or unconstitutional in a court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision and shall not affect the validity of the remaining portions thereof. APPROVED BY the Planning and Zoning Commission of the City of Aspen on this 16th day of May, 2017. APPROVED AS TO FORM: Planning and Zoning Commission _______________________________ ______________________________ Andrea Bryan, Assistant City Attorney Skippy Mesirow, Chair ATTEST: _______________________________ Cindy Klob, Records Manager P9 VI.A. Exhibit A Review Criteria and Staff Response 26.470.150. Amendment of a growth management development order. B. Substantial amendment. All other amendments to an approved growth management development order shall be reviewed pursuant to the terms and procedures of this Chapter. Allotments granted shall remain valid and applied to the amended application, provided that the amendment application is submitted prior to the expiration of vested rights. Amendment applications requiring additional allotments or allotments for different uses shall obtain those allotments pursuant to the procedures of this Chapter. Any new allotments shall be deducted from the growth management year in which the amendment is submitted. Staff Response: Because this proposed amendment involves changing an important quality (tenancy type) of the approved units and because this quality was specifically described in Resolution 11, Series of 2016 granting initial approval of the project, the current application was accepted as a Substantial Amendment that requires P&Z review. 26.470.080. General Review Standards. All Planning and Zoning Commission and City Council applications for growth management review shall comply with the following standards. A. Sufficient Allotments B. Development Conformance C. Public Infrastructure and Facilities D. Affordable Housing Mitigation. Staff Response: The project as approved, was reviewed through this section of the code. Due to the nature of the proposed Amendment, the project continues to meet the General Review Standards established by this section of the code. The proposed change does not affect any of the General Review Standards. 26.470.100 Planning and Zoning Commission applications. The following types of development shall be approved, approved with conditions or denied by the Planning and Zoning Commission, pursuant to Section 26.470.060, Procedures for review, and the criteria for each type of development described below. Except as noted, all growth management applications shall comply with the general requirements of Section 26.470.080. Except as noted, the following types of growth management approvals shall be deducted from the annual development allotments. Approvals apply cumulatively. D. Affordable housing. The development of affordable housing deed-restricted in accordance with the Aspen/Pitkin County Housing Authority Guidelines shall be approved, approved with conditions or denied by the Planning and Zoning Commission based on the general requirements outlined in Section 26.470.080. P10 VI.A. 1) The proposed units shall be deed-restricted as "for sale" units and transferred to qualified purchasers according to the Aspen/Pitkin County Housing Authority Guidelines. The owner may be entitled to select the first purchasers, subject to the aforementioned qualifications, with approval from the Aspen/Pitkin County Housing Authority. The deed restriction shall authorize the Aspen/Pitkin County Housing Authority or the City to own the unit and rent it to qualified renters as defined in the Affordable Housing Guidelines established by the Aspen/Pitkin County Housing Authority, as amended. The proposed units may be rental units, including but not limited to rental units owned by an employer or nonprofit organization, if a legal instrument in a form acceptable to the City Attorney ensures permanent affordability of the units. The City encourages affordable housing units required for lodge development to be rental units associated with the lodge operation and contributing to the long-term viability of the lodge. Units owned by the Aspen/Pitkin County Housing Authority, the City of Aspen, Pitkin County or other similar governmental or quasi-municipal agency shall not be subject to this mandatory "for sale" provision. Staff Response: This section of the code is the subject of the Amendment request. The Land Use Code allows owner-occupied and is permissive of renter- occupied units to qualify under both Growth Management review and the review for the establishment of Affordable Housing credits. For rental units to be allowed, a “legal instrument in a form acceptable to the City Attorney (that) ensures permanent affordability of the unit” is required. APCHA raised concerns during the review process for the Amendment regarding projects that have a mix of owner and renter-occupied units. Staff finds that the proposed Amendment is allowed by the code, but strongly recommends that the conditions proposed by APCHA be included in the Draft Resolution if approved – to help mitigate the potential challenges of a mixed development and give direction to the deed restriction that will define the eventual units. P11 VI.A. March 3, 2017 Mr. Ben Anderson Planner City of Aspen 130 So. Galena St. Aspen, Colorado 81611 RE: 404 Park Avenue Affordable Housing Project: GMQS Amendment Mr. Anderson: Please accept this application, submitted on behalf of Fat City LLC, to amend the Growth Management approval granted by Planning and Zoning Commission Resolution 11 or 2016 to allow for the ability to rent the deed restricted units. In December, the Planning and Zoning Commission granted approval for a 100% affordable housing project that includes 28 deed restricted units for a total of 64 FTEs. The project is approved as a mix of Category 3 and Category 4 units, with one Resident Occupied Unit. Section 3 of Resolution 11 specifies that the units are for-sale. The applicant requests an amendment to allow both for-sale and for-rent units within the project. There are no other changes proposed to the approved project. This application is submitted pursuant to the following sections of the Aspen Land Use Code: • 26.304 Common Development Review Procedures • 26.470.140.B Growth Management – Substantial Amendment The application is divided into three sections: Section I describes the existing conditions of the project site and environs. Section II outlines the approved development and Section III addresses the proposed development’s compliance with the applicable review criteria of the Code. Exhibits are provided as follows: • 1 – Land Use application. • 2 - Dimensional requirement form. • 3 - Survey (ComDev waived requirement that survey be less than 1 year old) • 4 – Vicinity Map. • 5 – Agreement to pay. • 6 – Proof of ownership. • 7 – Authorization to Represent. • 8 – HOA compliance form. • 9 – Pre application Summary. • 10 - Resolution 11 – 2016. P12 VI.A. Page 2 of 9 404 Park Ave. GMQS Amendment • 11 – Approved drawings. The applicant has attempted to address all relevant provisions of the Code and to provide sufficient information to enable a thorough evaluation of the application. Upon request, BendonAdams will gladly provide additional information as may be required in the course of the review. Sincerely, Sara Adams, AICP BendonAdams LLC 300 So. Spring St. #202 | Aspen | CO sara@bendonadams.com 970.925.2855 P13 VI.A. Page 3 of 9 404 Park Ave. GMQS Amendment Section I: Existing Conditions The property is currently zoned Residential Multi-family with a Planned Development overlay. 404 Park is located at the intersection of Park Avenue and Park Circle, and Park Avenue and Midland Avenue, near the base of Smuggler Mountain. The gross lot area is 17,837.82 square feet or 0.4095 acres. The lot currently contains a three story multi- family building facing Park Avenue, two one story multi-family buildings in the center of the lot, and a two story multi-family building facing Park Circle. There is a total of 14 units onsite: 2 studios; 4 one-bedrooms; 6 two- bedrooms; 1 three-bedrooms; 1 four- bedroom. There is designated gravel head-in surface parking along Park Avenue and Park Circle. Most of the parking is within the right of way. There are only 7 legal onsite parking spaces where 22 are required, which equals a deficit of 15 parking spaces. The property conforms to the underlying RMF Zone District, except for a few setback nonconformities. There are 14 units, which provides an allowable floor area of 1.25:1 or 22,297 sf of floor area. The four existing buildings total about 8,788 sf of floor area. Allowable height is 32 ft. for the existing density, and the tallest building on the property measures 28 ft. When constructed, the buildings were located in the setbacks as shown on the site plan. The buildings were built before a Planned Development overlay was placed on the property. Figures 3 – 5: (top to bottom): aerial view of property; building facing Park Ave.; side view of 3 story building from Midland Park. P14 VI.A. Page 4 of 9 404 Park Ave. GMQS Amendment Section II: Approved Project Description A 100% deed restricted affordable housing project is approved for the 404 Park Avenue property including 28 housing units. A subgrade garage accessed off of Park Avenue provides parking for the project. Two buildings are approved above grade, each three stories in height with street oriented façades to promote a positive relationship with pedestrians. Front doors, large windows, material changes, and alternate roof pitches respond to the varied neighborhood character and create a contextual addition to the neighborhood. An interior courtyard with a small pool, barbeque grill, bike parking, seating and a fire pit provides a protected cozy nook for residents to enjoy year-round. The proximity of this property to the bus route (a bus stop is located directly across the street) and to town is a great opportunity for an affordable housing project. This project meets the Residential Multi- family Zone District requirements and provides housing for 28 families/individuals. 404 Park is located in a residential neighborhood with a range of building types and density. The approved buildings and subgrade garage respect the 5 ft. setback on all sides of the property, exceeding the setback requirement in most areas. The buildings comply with the 32 feet height limit and with the allowable Floor Area within the Residential Multifamily Zone District. Extra storage outside of the individual units is proposed in the subgrade garage above each parking space and the corners of the garage provide communal bike/ski storage and a bike repair area. Trash is located at grade in an easily accessible location. Most upper level units have a private balcony. All units have one parking space in the garage. A reduction in unit size was granted for the affordable housing units. Table 1: Approved Category Configuration. Bedrooms Category 3 Category 4 Resident Occupied 1-bedroom 5 8 0 2-bedroom 1 0 1 3-bedroom 7 6 0 TOTAL 13 14 1 The only change to the project is a request to allow for-rent and for-sale affordable housing units. The approval documents from December 2016 state that the units are approved as for-sale; however, the Land Use Code allows both for-rent and for-sale affordable housing units. The applicant requests the flexibility to provide a mix of for-sale and for-rent units that meet APCHA requirements and qualifications as defined in the Aspen Pitkin County Housing Authority Guidelines. Section III: Review Requirements A. Common Development Review Procedures This land use application is submitted pursuant to and subject to the requirements of Chapter 26.304 – Common Development Review Procedures – of the City of Aspen Land Use Code. B. Growth Management Review. The amendment requests approval to change the type of units from all for-sale units to a mix of for-sale and for-rent units. Responses to relevant growth management criteria are as follows: P15 VI.A. Page 5 of 9 404 Park Ave. GMQS Amendment 26.470.140.B Substantial Amendment of a growth management development order All other amendments to an approved growth management development order shall be reviewed pursuant to the terms and procedures of this Chapter. Allotments granted shall remain valid and applied to the amended application, provided that the applications requiring additional allotments or allotments for different uses shall obtain those allotments pursuant to the procedures of this Chapter. 26.470.050.B General Requirements: All development applications for growth management review shall comply with the following standards. The reviewing body shall approve, approve with conditions or deny and application for growth management review based on the following generally applicable criteria and the review criteria applicable to the specific type of development: 1. Sufficient growth management allotments are available to accommodate the proposed development, pursuant to Subsection 26.470.030.D. Applications for multi-year allotments, pursuant to Paragraph 26.470.090.1 shall not be required to meet this standard. Response – no change proposed to allotments. 2. The proposed development is compatible with land uses in the surrounding area, as well as with any applicable adopted regulatory master plan. Response – A mix of rental and for sale units is compatible with the surrounding land uses in the area which include both for sale and for rent multi-family residential buildings. 3. The development conforms to the requirements and limitations of the zone district. Response – The development conforms to the RMF Zone District. 4. The proposed development is consistent with the Conceptual Historic Preservation Commission approval, the Conceptual Commercial Design Review approval and the Planned Development – Project Review approval, as applicable. Response – Not applicable. The property 100% residential and is not historically designated. The property is not subject to Historic Preservation Commission approval or Commercial Design Review. 5. Unless otherwise specified in this Chapter, sixty percent (60%) of the employees generated by the additional commercial or lodge development, according to Subsection 26.470.100.A, Employee generation rates, are mitigated through the provision of affordable housing. The employee generation mitigation plan shall be approved pursuant to Paragraph 26.470.070.4, Affordable housing, at Category 4 rate as defined in the Aspen/Pitkin County Housing Authority Guidelines, as amended. An applicant may choose to provide mitigation units at a lower category designation. If an applicant chooses to use a Certificate of Affordable Housing Credit as mitigation, pursuant to Chapter 26.540, such Certificate shall be extinguished pursuant to Chapter 26.540.90 Criteria for Administrative Extinguishment of the Certificate. P16 VI.A. Page 6 of 9 404 Park Ave. GMQS Amendment Response – Not applicable. The development contains no commercial or lodging components and does not generate employees according to Section 26.470.100.A. 6. Affordable housing net livable area, for which the finished floor level is at or above natural or finished grade, whichever is higher, shall be provided in an amount equal to at least thirty percent (30%) of the additional free-market residential net livable area, for which the finished floor level is at or above natural or finished grade, whichever is higher. Affordable housing shall be approved pursuant to Paragraph 26.470.070.4, Affordable housing, and be restricted to a Category 4 rate as defined in the Aspen/Pitkin County Housing Authority Guidelines, as amended. An applicant may choose to provide mitigation units at a lower category designation. Affordable housing units that are being provided absent a requirement ("voluntary units") may be deed- restricted at any level of affordability, including residential occupied. If an applicant chooses to use a Certificate of Affordable Housing Credit as mitigation, pursuant to Chapter 26.540, such Certificate shall be extinguished pursuant to Chapter 26.540.90 Criteria for Administrative Extinguishment of the Certificate, utilizing the calculations in Section 26.470.100 Employee/Square Footage Conversion. Response – Not applicable. No additional free-market residential square footage is proposed. 7. The project represents minimal additional demand on public infrastructure, or such additional demand is mitigated through improvement proposed as part of the project. Public infrastructure includes, but is not limited to, water supply, sewage treatment, energy and communication utilities, drainage control, fire and police protection, solid waste disposal, parking and road and transit services. Response – The property is already developed with multi-family residential units and approved for the development of 28 deed restricted units. The requested amendment to allow for-rent units does not change the demand on public infrastructure. 26.470.070.4 Affordable housing. The development of affordable housing deed-restricted in accordance with the Aspen/Pitkin County Housing Authority Guidelines shall be approved, approved with conditions or denied by the Planning and Zoning Commission based on the following criteria: a. The proposed units comply with the Guidelines of the Aspen/Pitkin County Housing Authority. A recommendation from the Aspen/Pitkin County Housing Authority shall be required for this standard. The Aspen/Pitkin County Housing Authority may choose to hold a public hearing with the Board of Directors. Response – The proposed units comply with the Guidelines of the Aspen/Pitkin County Housing Authority as determined by the Planning and Zoning Commission via Resolution 11 of 2016. b. Affordable housing required for mitigation purposes shall be in the form of actual newly built units or buy-down units. Off-site units shall be provided within the City limits. Units outside the City limits may be accepted as mitigation by the City Council, pursuant to Paragraph 26.470.090.2. If the mitigation requirement is less than one (1) full unit, a fee-in-lieu payment may be accepted by the Planning and Zoning Commission upon a recommendation from the Aspen/Pitkin County Housing Authority. If the mitigation requirement is one (1) or more units, a fee-in-lieu payment shall require City Council approval, pursuant to Paragraph 26.470.090.3. A Certificate of Affordable Housing Credit may be used P17 VI.A. Page 7 of 9 404 Park Ave. GMQS Amendment to satisfy mitigation requirements by approval of the Community Development Department Director, pursuant to Section 26.540.080 Extinguishment of the Certificate. Required affordable housing may be provided through a mix of these methods. Response – The proposed deed restricted units are not required for mitigation purposes. Affordable Housing Certificates are approved for the project. c. Each unit provided shall be designed such that the finished floor level of fifty percent (50%) or more of the unit's net livable area is at or above natural or finished grade, whichever is higher. This dimensional requirement may be varied through Special Review, Pursuant to Chapter 26.430. Response – All units are located entirely above grade, no change is proposed in the amendment. d. The proposed units shall be deed-restricted as "for sale" units and transferred to qualified purchasers according to the Aspen/Pitkin County Housing Authority Guidelines. The owner may be entitled to select the first purchasers, subject to the aforementioned qualifications, with approval from the Aspen/Pitkin County Housing Authority. The deed restriction shall authorize the Aspen/Pitkin County Housing Authority or the City to own the unit and rent it to qualified renters as defined in the Affordable Housing Guidelines established by the Aspen/Pitkin County Housing Authority, as amended. The proposed units may be rental units, including but not limited to rental units owned by an employer or nonprofit organization, if a legal instrument in a form acceptable to the City Attorney ensures permanent affordability of the units. The City encourages affordable housing units required for lodge development to be rental units associated with the lodge operation and contributing to the long-term viability of the lodge. Units owned by the Aspen/Pitkin County Housing Authority, the City of Aspen, Pitkin County or other similar governmental or quasi-municipal agency shall not be subject to this mandatory "for sale" provision. Response – The units are proposed to be deed-restricted “for sale” or “for rent” units. The “for rent” units may be owned by an employer. Designation of “for rent” or “for sale” units are at the discretion of the owner. e. Non-Mitigation Affordable Housing. Affordable housing units that are not required for mitigation, but meet the requirements of Section 26.470.070.4(a-d). The owner of such non-mitigation affordable housing is eligible to receive a Certificate of Affordable Housing Credit pursuant to Chapter 26.540. Response – Certificates of Affordable Housing Credit review criteria are addressed below. 26.470.070.5 Demolition or redevelopment of multi-family housing. The City's neighborhoods have traditionally been comprised of a mix of housing types, including those affordable by its working residents. However, because of Aspen's attractiveness as a resort environment and because of the physical constraints of the upper Roaring Fork Valley, there is constant pressure for the redevelopment of dwellings currently providing resident housing for tourist and second-home use. Such redevelopment results in the displacement of individuals and families who are an integral part of the Aspen work force. Given the extremely high cost of and demand for market-rate housing, resident housing opportunities for displaced working residents, which are now minimal, will continue to decrease. Preservation of the housing inventory and provision of dispersed housing opportunities in Aspen have been long-standing planning goals of the community. Achievement of these goals will serve to promote P18 VI.A. Page 8 of 9 404 Park Ave. GMQS Amendment a socially and economically balanced community, limit the number of individuals who face a long and sometimes dangerous commute on State Highway 82, reduce the air pollution effects of commuting and prevent exclusion of working residents from the City's neighborhoods. The Aspen Area Community Plan established a goal that affordable housing for working residents be provided by both the public and private sectors. The City and the Aspen/Pitkin County Housing Authority have provided affordable housing both within and adjacent to the City limits. The private sector has also provided affordable housing. Nevertheless, as a result of the replacement of resident housing with second homes and tourist accommodations and the steady increase in the size of the workforce required to assure the continued viability of Aspen area businesses and the City's tourist-based economy, the City has found it necessary, in concert with other regulations, to adopt limitations on the combining, demolition or conversion of existing multi-family housing in order to minimize the displacement of working residents, to ensure that the private sector maintains its role in the provision of resident housing and to prevent a housing shortfall from occurring. The combining, demolition, conversion or redevelopment of multi-family housing shall be approved, approved with conditions or denied by the Planning and Zoning Commission based on compliance with the following requirements (see definition of demolition.): 1. Requirements for combining, demolishing, converting or redeveloping free-market multi-family housing units: Only one (1) of the following two (2) options is required to be met when combining, demolishing, converting or redeveloping a free-market multi-family residential property. To ensure the continued vitality of the community and a critical mass of local working residents, no net loss of density (total number of units) between the existing development and proposed development shall be allowed. a. One-hundred-percent replacement. In the event of the demolition of free-market multi- family housing, the applicant shall have the option to construct replacement housing consisting of no less than one hundred percent (100%) of the number of units, bedrooms and net livable area demolished. The replacement units shall be deed-restricted as resident occupied affordable housing, pursuant to the Guidelines of the Aspen/Pitkin County Housing Authority. An applicant may choose to provide mitigation units at a lower category designation. Each replacement unit shall be approved pursuant to Subsection 4, Affordable housing, of this Section. When this one-hundred-percent standard is accomplished, the remaining development on the site may be free-market residential development with no additional affordable housing mitigation required as long as there is no increase in the number of free-market residential units on the parcel. Free-market units in excess of the total number originally on the parcel shall be reviewed pursuant to Paragraph 26.470.070.3, Expansion of free-market residential units within a multi-family or mixed-use development. b. Fifty-percent replacement. In the event of the demolition of free-market multi-family housing and replacement of less than one hundred percent (100%) of the number of previous units, bedrooms or net livable area as described above, the applicant shall be required to construct affordable housing consisting of no less than fifty percent (50%) of the number of units, bedrooms and the net livable area demolished. The replacement units shall be deed- restricted as Category 4 housing, pursuant to the guidelines of the Aspen/Pitkin County Housing Authority. An applicant may choose to provide mitigation units at a lower category P19 VI.A. Page 9 of 9 404 Park Ave. GMQS Amendment designation. Each replacement unit shall be approved pursuant to Paragraph 26.470.070.4, Affordable housing. When this fifty-percent standard is accomplished, the remaining development on the site may be free-market residential development as long as additional affordable housing mitigation is provided pursuant to Paragraph 26.470.070.3, Expansion of free-market residential units within a multi-family or mixed-use project, and there is no increase in the number of free-market residential units on the parcel. Free-market units in excess of the total number originally on the parcel shall be reviewed pursuant to Paragraph 26.470.070.7, New free-market residential units within a multi-family or mixed-use project. c. One-hundred percent affordable housing replacement. When one-hundred-percent of the free-market multi-family housing units are demolished and are solely replaced with deed- restricted affordable housing units on a site that are not required for mitigation purposes, including any net additional dwelling units, pursuant to Section 26.470.070.4, Affordable Housing; all of the units in the redevelopment are eligible for a Certificate of Affordable Housing Credit, pursuant to Section 26.540 Certificate of Affordable Housing Credit. Any remaining unused free market residential development rights shall be vacated. Response – No change to approved project. P20 VI.A. 404 Park Avenue Lot 3 of the Sunny Park Subvision 2737-074-04-705 Peter Fornell of Fat City LLC 402 Midland Park, Aspen, CO 8161 970-379-3434 or p.fornell@comcast.net Sara Adams of BendonAdams 300 S. Spring St., #202, Aspen, CO 81611 970-925-2855 or sara@bendondams.com Free market multi-family residential unit development. Zoned Residential Multi-family (RMF) with PD overlay. 4,25 100% affordable housing project with 28 housing units including subgrade garage and three stories above grade. NOT APPLICABLE Exhibit 1 P21 VI.A. 404 Park Avenue Fat City LLC represented by Sara Adams of BendonAdams Lot 3 of Sunny Park Subdivision at the intersection of Park Ave. and Park Circle RMF [conditional PD overlay, see Ordinance 20, Series of 2016] gross lot size is 17,837.82 net lot area does not apply in the RMF zone district for multi-family development n/a n/a 14 28 n/a n/a 8,582.08 26,756 26,084 32' max up to 32' see Z-201 - 2129'10" - 28' max n/a n/a n/a 5' 5' n/a 5' 5' n/a n/a /a n/a n/a 5' n/a 5' 5' 28 spaces 5' n/a n/a setbacks trash/recycle location in street facing yard (26.575.020.5.t). 54 7 spaces 1'6" n/a 1'8" 28 spaces 5' 5' n/a n/a Exhibit 2 P22 VI.A. Exhibit 3P23VI.A. feet meters 400 100 Exhibit 4 P24 VI.A. P25VI.A. PROFORMA TITLE REPORT SCHEDULE A 1.Effective Date: February 27, 2017 at 8:00 AM Case No. PCT24764W2 2.Policy or Policies to be issued: Proposed Insured: TO BE DETERMINED 3.Title to the FEE SIMPLE estate or interest in the land described or referred to in this Commitment is at the effective date hereof vested in: FAT CITY APARTMENTS, LLC, A COLORADO LIMITED LIABILITY COMPANY 4.The land referred to in this Commitment is situated in the County of PITKIN State of COLORADO and is described as follows: See Attached Exhibit "A" PITKIN COUNTY TITLE, INC. 601 E. HOPKINS, ASPEN, CO. 81611 970-925-1766 Phone/970-925-6527 Fax 877-217-3158 Toll Free AUTHORIZED AGENT Countersigned: Exhibit 6 P26 VI.A. EXHIBIT "A" LEGAL DESCRIPTION A Tract of land being all of Lot 3, Sunny Park Subdivision recorded at Book 3 Page 18, that part of vacated Park Avenue being adjacent to said Lot 3 according to Ordinance No. 11 (Series 1972) City of Aspen recorded in Book 265 at Page 1 and all of that parcel of land described in the Special Warranty Deed at Book 765 Page 858, all in the South one-half of the Southeast Quarter of Section 7, Township 10 South, Range 84 West of the 6th P.M., Pitkin County, Colorado more particularly described as follows: Beginning at a point, being the North Corner of said Lot 3, Sunny Park Subdivision; thence S52°00'00"E a distance of 120.62 feet along the North line of said Lot 3 to the Northeast corner of said Lot 3 being a point on the Westerly boundary of Midland Park Subdivision as recorded in Book 6 at Page 138 and being a point on the Line 5-1 of the U.S.M.S. Mascotte Lode #5867; thence S45°21'00"W a distance of 77.96 feet along the Easterly boundary of said Lot 3 also being the Westerly line of said Midland Park Subdivision and the Line 5-1 of said U.S.M.S. Mascotte; thence S35°53'00"E a distance of 9.46 feet along the boundary of said Midland Park Subdivision; thence S54°07'00"W a distance of 45.95 feet along the Westerly line of said Midland Park Subdivision to a point on the Easterly line of said Lot 3 also being on the Line 4-1 of the U.S.M.S. Mollie Gibson Lode # 4281AM; thence S38°00'00"W a distance of 79.73 feet along the Easterly line of said Lot 3 also being along the Line 4-1 of said U.S.M.S. Mollie Gibson Lode to a point on the Southerly boundary of said Park Avenue vacation; thence along said Park Avenue vacation boundary the following four (4) courses: N14°22'26"W a distance of 67.09 feet; thence; 5.58 feet along the arc of a curve to the right having a radius of 10.00 feet, a central angle of 31°58'16" and subtending a chord bearing of N01°36'42"E a distance of 5.51 feet; thence 75.14 feet along the arc of reverse curve having a radius of 93.93 feet, a central angle of 45°50'03" and subtending a chord bearing of N05°19'12"W a distance of 73.15 feet; thence 12.14 feet along the arc of a reverse curve, having a radius of 10.00 feet, a central angle of 69°33'25" and subtending a chord bearing of N06°32'29"E a distance of 12.14 feet; thence N41°20'00"E a distance of 3.99 feet to the Southwesterly Corner of said Lot 3; thence N41°20'00"E a distance of 91.65 feet along the Westerly line of said Lot 3 to the point of beginning. TOGETHER with a non-exclusive easement for the construction, maintenance, inspection, protection, repair and replacement of the existing concrete retaining wall, stairs, sidewalk and fence, through, on, over and across the following described real property, hereinafter referred to as the "easement" to-wit: That portion of Lot 5, Sunny Park Subdivision, Pitkin County, State of Colorado, described as follows: Commencing at a point being the Northwest corner of Lot 3, Sunny Park Subdivision, Pitkin County, State of Colorado, said point also being the Southwest corner of said Lot 5, thence South 52°00' East along the Northern boundary line of said Lot 3, said line also being the Southern boundary line of said Lot 5 a distance of 90.00 feet; thence North 38°00' East, a distance of 5.0 feet; thence North 52°00' West, a distance of 89.71 feet; thence South 41°20' West, a distance of 5.01 feet to the point of beginning; the same being appurtenant to Lot 3, Sunny Park Subdivision, Pitkin County, Colorado; for so long as the said concrete retaining wall, stairs, sidewalk and fence are used for the same purposes as currently exist and further for so long as the said concrete retaining wall, stairs, sidewalk and fence, or any portion thereof, shall remain attached and/or appurtenant to the existing structure, a dwelling house, and no longer, together with the right of ingress and egress over said easement and the right to survey, construct, reconstruct, maintain, operate, control and use said concrete retaining wall, stairs, sidewalk and fence, as conveyed from Ralph H. Woodward, Jr. and Patricia Woodward to Luke W. Anthony, Inc., a Colorado Corporation by instrument dated June 26, 1972 and recorded June 30, 1972 in Book 264 at Page 787. Historically described as: A tract of land being part of Lot 3, Sunny Park Subdivision, part of vacated Park Avenue and part of the Mascotte Lode U.S.M.S. No. 5867, all in the South one-half of the Southeast quarter of Section 7, Township 10 South, Range 84 West of the Sixth Principal Meridian, Pitkin County, Colorado more particularly described as follows: Beginning at a point, being the North corner of Lot 3, Sunny Park Subdivision; thence South 52°00'00" East 118.26 feet along the north line of said Lot 3; to line 1-5 of said Mascotte Lode; P27 VI.A. thence South 45°24'29" West 77.95 feet along line 1-5 of said Mascotte Lode; thence South 35°53'00" East 9.46 feet; thence South 54°07'00" West 37.14 feet to a point on line 4-1 of Mollie Gibson Lode U.S.M.S. No. 4281; thence South 38°00'00" West 86.24 feet along Line 4-1 of said Mollie Gibson Lode to a point on the Easterly right-of-Way of Park Avenue; thence North 14°22'26" West 67.11 feet along said right-of-way; thence following said right-of-way 5.58 feet along a curve to the right having a radius of 10.00 feet; thence following said right-of-way 75.14 feet along a curve to the left having a radius of 93.93 feet to a point on the Easterly right-of-way of Park Circle; thence following said Easterly right-of-way of Park Circle 12.14 feet along the arc of a curve to the right having a radius of 10.00 feet; thence North 41°20'00" East 95.64 feet along said right-of-way to the Point of Beginning. TOGETHER with a non-exclusive easement for the construction, maintenance, inspection, protection, repair and replacement of the existing concrete retaining wall, stairs, sidewalk and fence, through, on, over and across the following described real property, hereinafter referred to as the "easement" to-wit: That portion of Lot 5, Sunny Park Subdivision, Pitkin County, State of Colorado, described as follows: Commencing at a point being the Northwest corner of Lot 3, Sunny Park Subdivision, Pitkin County, State of Colorado, said point also being the Southwest corner of said Lot 5, thence South 52°00' East along the Northern boundary line of said Lot 3, said line also being the Southern boundary line of said Lot 5 a distance of 90.00 feet; thence North 38°00' East, a distance of 5.0 feet; thence North 52°00' West, a distance of 89.71 feet; thence South 41°20' West, a distance of 5.01 feet to the point of beginning; the same being appurtenant to Lot 3, Sunny Park Subdivision, Pitkin County, Colorado; for so long as the said concrete retaining wall, stairs, sidewalk and fence are used for the same purposes as currently exist and further for so long as the said concrete retaining wall, stairs, sidewalk and fence, or any portion thereof, shall remain attached and/or appurtenant to the existing structure, a dwelling house, and no longer, together with the right of ingress and egress over said easement and the right to survey, construct, reconstruct, maintain, operate, control and use said concrete retaining wall, stairs, sidewalk and fence, as conveyed from Ralph H. Woodward, Jr. and Patricia Woodward to Luke W. Anthony, Inc., a Colorado Corporation by instrument dated June 26, 1972 and recorded June 30, 1972 in Book 264 at Page 787. P28 VI.A. SCHEDULE B - SECTION 1 REQUIREMENTS THIS REPORT IS FURNISHED FOR INFORMATIONAL PURPOSES ONLY, IT IS NOT A CONTRACT TO ISSUE TITLE INSURANCE AND SHALL NOT BE CONSTRUED AS SUCH. IN THE EVENT A PROPOSED INSURED IS NAMED THE COMPANY HEREBY RESERVES THE RIGHT TO MAKE ADDITIONAL REQUIREMENTS AND/OR EXCEPTIONS AS DEEMED NECESSARY. THE RECIPIENT OF THIS INFORMATIONAL REPORT HEREBY AGREES THAT THE COMPANY HAS ISSUED THIS REPORT BY THEIR REQUEST AND ALTHOUGH WE BELIEVE ALL INFORMATION CONTAINED HEREIN IS ACCURATE AND CORRECT, THE COMPANY SHALL NOT BE CHARGED WITH ANY FINANCIAL LIABILITY SHOULD THAT PROVE TO BE INCORRECT AND THE COMPANY IS NOT OBLIGATED TO ISSUE ANY POLICIES OF TITLE INSURANCE P29 VI.A. SCHEDULE B SECTION 2 EXCEPTIONS The policy or policies to be issued will contain exceptions to the following unless the same are disposed of to the satisfaction of the Company: 1. Rights or claims of parties in possession not shown by the public records. 2. Easements, or claims of easements, not shown by the public records. 3. Discrepancies, conflicts in boundary lines, shortage in area, encroachments, any facts which a correct survey and inspection of the premises would disclose and which are not shown by the public records. 4. Any lien, or right to a lien, for services, labor, or material heretofore or hereafter furnished, imposed by law and not shown by the public records. 5. Defects, liens, encumbrances, adverse claims or other matters, if any, created, first appearing in the public records or attaching subsequent to the effective date hereof but prior to the date the proposed insured acquires of record for value the estate or interest or mortgage thereon covered by this Commitment. 6. Taxes due and payable; and any tax, special assessment, charge or lien imposed for water or sewer service or for any other special taxing district. 7. The premises hereby granted, with the exception of the surface, may be entered by the proprietor of any other vein, lode or ledge, the top or apex of which lies outside of the boundary of said granted premises, should the same in its dip be found to penetrate, intersect, or extend into said premises, for the purpose of extracting and removing the ore from such other vein, lode or ledge as reserved in United States Patent recorded May 20, 1949 in Book 175 at Page 168 and Book 175 at Page 171. 8. Terms, conditions, provisions and obligations as set forth in Quit Claim Deed recorded March 30, 1964 in Book 206 at Page 301. 9. Reservation of all mineral rights as set forth in Warranty Deed recorded September 4, 1964 in Book 209 at Page 68 and Warranty Deed recorded May 18, 1965 in Book 213 at Page 10. 10. Terms, conditions, provisions and obligations as set forth in Easement recorded June 30, 1972 in Book 264 at Page 787. 11. Easement and right of way for an electric transmission or distribution line or system, as granted to Holy Cross Electric Association, Inc., in instrument recorded July 26, 1972 in Book 265 at Page 351. 12. Terms, conditions, provisions and obligations as set forth in License Agreement recorded April 26, 1996 as Reception No. 392136 13. All matters as disclosed on Plat of subject property recorded January 19, 1965 in Plat Book 3 at Page 18. 14. Easements, rights of way and all matters as disclosed on Boundary Survey of subject property recorded January 9, 2007 in Plat Book 82 at Page 36 as Reception No. 533172. 15. Terms, conditions, provisions, obligations and all matters as set forth in Ordinance No. 19, Series of 2011 by City Council of the City of Aspen, Colorado recorded February 29, 2012 as Reception No. 587076. 16. Terms, conditions, provisions, obligations and all matters as set forth in Ordinance No. 20, Series of 2016 by Aspen City Council recorded September 7, 2016 as Reception No. 631974. 17. Terms, conditions, provisions, obligations and all matters as set forth in Resolution of the Planning and Zoning Commission of the Ciy of Aspen recorded January 12, 2017 as Reception No. 635410 as Resolution No. 11-2016. P30 VI.A. PITKIN COUNTY TITLE, INC. 601 E. HOPKINS, THIRD FLOOR ASPEN, CO 81611 970-925-1766/970-925-6527 FAX TOLL FREE 877-217-3158 WIRING INSTRUCTIONS FOR ALL TRANSACTIONS REGARDING THE CLOSING OF THIS FILE ARE AS FOLLOWS: ALPINE BANK-ASPEN 600 E. HOPKINS AVE. ASPEN, CO. 81611 ABA ROUTING NO. 102103407 FOR CREDIT TO: PITKIN COUNTY TITLE, INC., ESCROW ACCOUNT ACCOUNT NO. 2021 012 333 REFERENCE:PCT24764W2/TO BE DETERMINED P31 VI.A. Exhibit 7P32VI.A. Exhibit 8P33VI.A. ASLU GQMS Amendment 404 Park Avenue Parcel # 2737-074-04-705 1 CITY OF ASPEN PRE-APPLICATION CONFERENCE SUMMARY PLANNER: Ben Anderson DATE: February 15, 2017 PROJECT: 404 Park Ave. REPRESENTATIVE: Sara Adams, BendonAdams, LLC REQUEST: Substantial Amendment of a growth management development order DESCRIPTION: The applicant is proposing an amendment to Planning and Zoning Commission Resolution 11, Series of 2016. A development order for three years of vested rights has been issued in connection to this resolution effective December 20, 2016. Resolution 11 granted approval for reviews of GMQS, Affordable Housing Credits and a dimensional variance for a trash enclosure. The approved project includes 28, deed restricted, affordable housing units. The applicant is considering a change to a single aspect of the project. The units in the approved project were proposed as “ownership” or “for sale” units. The applicant is considering shifting the units in part, or in full to “rental” units. Because this aspect of the project was specifically described in the approved Resolution, this proposed change must be reviewed by the Planning and Zoning Commission in a public hearing. As the proposed change has been presented, the only aspect of the project subject to the review will be the designation of units as “owned” or “rental”. An essential component of this review will be a recommendation from the Aspen/Pitkin County Housing Authority’s Staff and Board regarding the proposed change. This recommendation regarding the change must be submitted to Community Development prior to the review being placed on the Planning and Zoning Commission’s schedule. Below are links to the Land Use Application form and Land Use Code for your convenience: Land Use App: http://www.aspenpitkin.com/Portals/0/docs/City/Comdev/Apps%20and%20Fees/2013%20land%20use%20a pp%20form.pdf Land Use Code: http://www.aspenpitkin.com/Departments/Community-Development/Planning-and-Zoning/Title-26-Land-Use- Code/ Land Use Code Section(s) 26.304 Common Development Review Procedures 26.470.140.B GMQS: Substantial amendment of a growth management development order Review by: Staff for complete application, Staff and APCHA for Recommendation, Planning and Zoning Commission for approval or denial Referrals: Aspen/Pitkin County Housing Authority Public Hearing: Yes, Planning and Zoning Commission Planning Fees: Planning Deposit – $3,250 for 10 hours ($325 per hour for additional Planning Staff review time in excess of deposit hours) Aspen/Pitkin County Housing Authority - $975 flat fee Total Deposit Due: $4,225 Exhibit 9 P34 VI.A. 2 To apply, submit the following information: Completed Land Use Application and signed fee agreement. Pre-application Conference Summary (this document). Street address and legal description of the parcel on which development is proposed to occur, consisting of a current (no older than 6 months) certificate from a title insurance company, an ownership and encumbrance report, or attorney licensed to practice in the State of Colorado, listing the names of all owners of the property, and all mortgages, judgments, liens, easements, contracts and agreements affecting the parcel, and demonstrating the owner’s right to apply for the Development Application. Applicant’s name, address and telephone number in a letter signed by the applicant that states the name, address and telephone number of the representative authorized to act on behalf of the applicant. HOA Compliance form (Attached) A written description of the proposal and an explanation in written, graphic, or model form of how the proposed development complies with the review standards relevant to the development application and relevant land use approvals associated with the property. A site improvement survey (no older than a year from submittal) including topography and vegetation showing the current status of the parcel certified by a registered land surveyor by licensed in the State of Colorado. Written responses to all review criteria. An 8 1/2” by 11” vicinity map locating the parcel within the City of Aspen. 1 Complete Copy. If the copy is deemed complete by staff, the following items will then need to be submitted: 2 Copies of the complete application packet and, if applicable, associated drawings. Total deposit for review of the application. A digital copy of the application provided in pdf file format. Disclaimer: The foregoing summary is advisory in nature only and is not binding on the City. The summary is based on current zoning, which is subject to change in the future, and upon factual representations that may or may not be accurate. The summary does not create a legal or vested right. P35 VI.A. Exhibit 10 P36 VI.A. P37 VI.A. P38 VI.A. P39 VI.A. P40 VI.A. P41 VI.A. P42VI.A. P43VI.A. P44VI.A. P45VI.A. P46VI.A. P47VI.A. P48VI.A. P49VI.A. P50VI.A. P51VI.A. P52VI.A. P53VI.A. P54VI.A. P55VI.A. P56VI.A. P57VI.A. 87/8"47/8"19'-0" 103'-0"100'-0" 118'-81/4" LINE OF WALL BELOW LINE OF WALL BELOW POOL FEATURE FIRE FEATURE MAILBOXES BIORETENTION POND GREENSPACE PLANTER ADA RAMP PROPOSED EDGE OF PAVEMENT BIORETENTION POND 795579607950795579607955PARK AVE. PARK CIRCLE LOT 5 PROJECT 100' = 7957' PROPERTY LINE SETBACK LINE PROPERTY LINE SETBACK LINE 404 PARK AVE LOT 3 SUNNY PARK LOT SIZE: 17,837.32 SF +/- ZONE DISTRICT: RMF SITE COVERAGE: 52.89% 5'-0" SIDE YARDSETBACK5'-0"FRONT YARDSETBACK5'- 0 " SI D E Y A R D S E T B A C K 5'-0"REAR YARDSETBACK10'-31/4"1'-57/8"103/4"TRANSFORMER LINE OF WALL BELOW PLANTER DECK BELOW GARAGE ENTRY NPROPOSED SITE PLAN 1" = 10' 10'20'40'5' DRAWING SETS: NAME P + Z Submission ID SD ISSUE DATE 11/29/2016 STATUS Issued STRUCTURAL CONSULTANTS SURVEYOR MECHANICAL COPYRIGHT CONTRACTOR CIVIL SHEET TITLE PROJECT NO: DRAWN BY:AKP FORUM PHI LLC Josh Rice Woody Creek Engineering 520 East Hyman Ave #201 Aspen, CO 81611 970-309-7130 josh@woodycreekengineering.com TBD Mic Baca Studio M Engineers 308 North Hyland Park Dr Glenwood Springs, CO 81601 970-366-8690 studiom.engineer@gmail.com Frank Reynolds FRR Construction P.O. Box 2725 Aspen, CO 81612 970-948-3914 frank@frrconstruction.com Z-003 PROPOSED SITE PLAN Aspen CO 81611 404 PARK 715 West Main Street, Suite 204 Aspen, Colorado 81611 P: 970.279.4157 F: 866.770.5585 1507 12/5/16 DATE OF PUBLICATION Michael Lafferty Rocky Mountain Surveying 4133 Crystal Spring Rd Carbondale, CO 81623 970-379-1919 laff@sopris.net PARCEL ID # 273-707-404-705 LEGAL DESCRIPTION Lot 3 of Sunny Park Subdivision ZONE DISTRICT RMF Exhibit 11 P58VI.A. 404 PARKARCHITECTURE | INTERIORS | PLANNING FORUMPHI.COM PROPOSED LOWER LEVEL FORUM PHI Z-101 16'-0" 24'-0" REQUIRED BACKUP BIKE RACK FLAT FOR DRAIN AND GARAGE DOOR SKI RACK BIKE REPAIR STAND BIKE RACK PROPERTY LINE SETBACK LINE PROPERTY LINE SETBACK LINE UP UPUPACCESS ASILE 1 ACCESSIBLE VAN UNIT 102 6 ACCESSIBLE CAR PARKING UNIT 103 3 UNIT 104 4 UNIT 105 5 UNIT 106 7 UNIT 107 8 UNIT 108 9 UNIT 109 10 UNIT 110 11 UNIT 111 12 UNIT 201 13 UNIT 202 14 UNIT 203 15 UNIT 204 16 UNIT 205 17 UNIT 206 18 UNIT 207 19 UNIT 208 20 UNIT 209 21 UNIT 301 22 UNIT 302 23 UNIT 303 - R.O. 24 UNIT 304 25 UNIT 305 27 UNIT 307 26 UNIT 306 28 UNIT 308 ACCESS ASILE 2 UNIT 101 ONE WAY ONE WAY 23R @ 7"23R @ 7"ELEVATOR 12% SLOPE 12% SLOPE 1% UP SLOPE GARAGE 11,284.00 sq ft MECHANICAL 451.75 sq ft A Z-301 A Z-301 B Z-302 B Z-302 8 8 H H A A 3 3 C C F F B B 1 1 5 5 E E 4 4 G G 6 6 D D 7 72 2 23R @ 7" PARKING COUNT PROPOSED UNIT MIX 13 - ONE BEDROOMS 1 - TWO BEDROOMS 13 - THREE BEDROOMS 1 - RO UNIT REQUIRED PARKING 13 - SPACES 2 - SPACES 26 - SPACES 2 - SPACES 28 TOTAL UNITS 43 - SPACES REQUIRED 15 - SPACES DEFICIT 28 - SPACES REQUIRED NPROPOSED LOWER LEVEL 1/16" = 1'-0" 8 16 32P59 VI.A. UPDNUPDNW WWRGFDWRGDW F RGDW F RGFDWWW W RGDWFRGFDWRG FDW W W WRGFDWWWRGFDW WRGFDWRG DWF19'-0" 100'-0" T.O.PLY 100'-0" T.O.PLY A Z-301 A Z-301 B Z-302 B Z-302 ROOF OVERHANG PROPERTY LINE SETBACK LINE PROPERTY LINE SETBACK LINE UPDN UP PROJECT 100' = 7957'17R @61/2"17R @ 61/2"17R @ 61/2"17R @ 61/2"UNIT 104 BEDROOM 3 UNIT 104 BATH 1 UNIT 105 LIVING/KITCHEN UNIT 104 BATH 2 UNIT 104 BEDROOM 1 UNIT 104 BEDROOM 2 UNIT 105 BEDROOM 1 UNIT 105 BATH 1 UNIT 103 BEDROOM 1 UNIT 103 BATH 1 UNIT 103 LIVING/KITCHEN UNIT 106 LIVING/KITCHEN UNIT 106 BATH 2 UNIT 108 BATH 1 UNIT 108 BEDROOM 2 UNIT 108 BEDROOM 1 UNIT 108 LIVING/KITCHEN UNIT 107 LIVING/KITCHEN UNIT 107 BATH 1 UNIT 109 BATH 1 UNIT 109 BEDROOM 1 UNIT 109 LIVING/KITCHEN UNIT 110 BEDROOM 1 UNIT 111 BEDROOM 1 UNIT 110 LIVING/KITCHEN UNIT 110 BATH 1 UNIT 111 BATH 1 UNIT 111 LIVING/KITCHEN UNIT 102 BEDROOM 1 UNIT 102 BATH 1 UNIT 102 HALL UNIT 102 BATH 2 UNIT 101 LIVING/KITCHEN UNIT 101 BATH 1 UNIT 101 BEDROOM 1 UNIT 106 BATH 1 UNIT 104 LIVING/KITCHEN TRASH 151.75 sq ft 8 8 H H A A 3 3 C C F F B B 1 1 5 5 E E 4 4 G G 6 6 D D 7 72 2 5'-0"SIDE YARD SETBACK5'-0"FRONT YARDSETBACK5'-0" SIDE YARD SETBACK 5'-0"REAR YARDSETBACKROOF OVERHANG OPEN TO ABOVE ENCLOSED TO BELOW OPEN TO ABOVE ENCLOSED TO BELOW GARAGE ENTRY UNIT 106 BEDROOM 3 UNIT 107 BEDROOM 1 UNIT 102 BEDROOM 2 UNIT 102 LIVING/KITCHEN UNIT 102 BEDROOM 3 UNIT 106 BEDROOM 2 UNIT 106 BEDROOM 1 NPROPOSED MAIN LEVEL 1/8" = 1'-0" 1 4 8 16 DRAWING SETS: NAME P + Z Submission ID SD ISSUE DATE 11/29/2016 STATUS Issued STRUCTURAL CONSULTANTS SURVEYOR MECHANICAL COPYRIGHT CONTRACTOR CIVIL SHEET TITLE PROJECT NO: DRAWN BY:AKP FORUM PHI LLC Josh Rice Woody Creek Engineering 520 East Hyman Ave #201 Aspen, CO 81611 970-309-7130 josh@woodycreekengineering.com TBD Mic Baca Studio M Engineers 308 North Hyland Park Dr Glenwood Springs, CO 81601 970-366-8690 studiom.engineer@gmail.com Frank Reynolds FRR Construction P.O. Box 2725 Aspen, CO 81612 970-948-3914 frank@frrconstruction.com Z-102 PROPOSED MAIN LEVEL Aspen CO 81611 404 PARK 715 West Main Street, Suite 204 Aspen, Colorado 81611 P: 970.279.4157 F: 866.770.5585 1507 12/5/16 DATE OF PUBLICATION Michael Lafferty Rocky Mountain Surveying 4133 Crystal Spring Rd Carbondale, CO 81623 970-379-1919 laff@sopris.net PARCEL ID # 273-707-404-705 LEGAL DESCRIPTION Lot 3 of Sunny Park Subdivision ZONE DISTRICT RMFP60 VI.A. WWRGDW RGF DWRGFDWWFW RG FDW W RGDW F W RGFDWWRGFDWW RG FDWWRGFDW A Z-301 A Z-301 B Z-302 B Z-302 109'-35/8" T.O.PLY ROOF OVERHANG PROPERTY LINE SETBACK LINE PROPERTY LINE SETBACK LINE DNUPDNUPDNUPDN UP 17R @ 61/2"17R @ 61/2"17R @ 61/2"17R @ 61/2"UNIT 203 LIVING/KITCHEN UNIT 203 BATH 1 UNIT 203 BEDROOM 1 UNIT 203 BEDROOM 2 UNIT 203 BEDROOM 3 UNIT 203 HALL UNIT 205 BATH 1 UNIT 205 BEDROOM 1 UNIT 204 BEDROOM 3 UNIT 204 BEDROOM 2 UNIT 204 BATH 2 UNIT 204 BEDROOM 1 UNIT 204 LIVING/KITCHEN UNIT 204 BATH 1 UNIT 207 BEDROOM 1 UNIT 207 BATH 1 UNIT 207 BEDROOM 3 UNIT 207 BATH 2 UNIT 207 LIVING/KITCHEN UNIT 208 LIVING/KITCHEN UNIT 208 BATH 2 UNIT 208 BATH 1 UNIT 208 BEDROOM 1 UNIT 208 HALL UNIT 208 BEDROOM 2 UNIT 208 BEDROOM 3 UNIT 209 LIVING/KITCHEN UNIT 209 BATH 1 UNIT 209 BEDROOM 1 UNIT 201 LIVING/KITCHEN UNIT 201 BEDROOM 1 UNIT 202 BATH 1 UNIT 202 HALL UNIT 202 BATH 2 UNIT 203 BATH 2 UNIT 206 BEDROOM 3 UNIT 206 BATH 2 UNIT 206 LIVING/KITCHEN UNIT 206 BATH 1 UNIT 206 BEDROOM 2 UNIT 206 BEDROOM 1 UNIT 201 BATH 1 8 8 H H A A 3 3 C C F F B B 1 1 5 5 E E 4 4 G G 6 6 D D 7 72 2 109'-35/8" T.O.PLY ROOF OVERHANG UNIT 205 LIVING/KITCHEN UNIT 207 BEDROOM 2 UNIT 202 BEDROOM 2 UNIT 202 LIVING/KITCHEN UNIT 202 BEDROOM 3 UNIT 202 BEDROOM 1 NPROPOSED SECOND LEVEL 1/8" = 1'-0" 1 4 8 16 DRAWING SETS: NAME P + Z Submission ID SD ISSUE DATE 11/29/2016 STATUS Issued STRUCTURAL CONSULTANTS SURVEYOR MECHANICAL COPYRIGHT CONTRACTOR CIVIL SHEET TITLE PROJECT NO: DRAWN BY:AKP FORUM PHI LLC Josh Rice Woody Creek Engineering 520 East Hyman Ave #201 Aspen, CO 81611 970-309-7130 josh@woodycreekengineering.com TBD Mic Baca Studio M Engineers 308 North Hyland Park Dr Glenwood Springs, CO 81601 970-366-8690 studiom.engineer@gmail.com Frank Reynolds FRR Construction P.O. Box 2725 Aspen, CO 81612 970-948-3914 frank@frrconstruction.com Z-103 PROPOSED SECONDLEVEL Aspen CO 81611 404 PARK 715 West Main Street, Suite 204 Aspen, Colorado 81611 P: 970.279.4157 F: 866.770.5585 1507 12/5/16 DATE OF PUBLICATION Michael Lafferty Rocky Mountain Surveying 4133 Crystal Spring Rd Carbondale, CO 81623 970-379-1919 laff@sopris.net PARCEL ID # 273-707-404-705 LEGAL DESCRIPTION Lot 3 of Sunny Park Subdivision ZONE DISTRICT RMFP61 VI.A. W RGFDW W RGFDWWW WRGFDW RG FDW WW RGFDWRGF DWWWRGDW FRGFDWA Z-301 A Z-301 B Z-302 B Z-302 118'-71/4" T.O.PLY 118'-71/4" T.O.PLY ROOF OVERHANG PROPERTY LINE SETBACK LINE PROPERTY LINE SETBACK LINE DNDNDNDN UNIT 304 BATH 1 UNIT 304 BEDROOM 1 UNIT 305 BEDROOM 3 UNIT 305 BATH 2 UNIT 305 LIVING/KITCHEN UNIT 305 BATH 1 UNIT 305 BEDROOM 2 UNIT 305 BEDROOM 1 UNIT 306 BEDROOM 1 UNIT 306 BATH 1 UNIT 306 BEDROOM 3 UNIT 306 BATH 2 UNIT 307 LIVING/KITCHEN UNIT 307 BATH 2 UNIT 307 BATH 1 UNIT 307 BEDROOM 1 UNIT 307 HALL UNIT 307 BEDROOM 2 UNIT 307 BEDROOM 3 UNIT 308 LIVING/KITCHEN UNIT 308 BATH 1 UNIT 308 BEDROOM 1 UNIT 302 BATH 1 UNIT 302 HALL UNIT 302 BEDROOM 3 UNIT 302 BATH 2 UNIT 306 LIVING/KITCHEN UNIT 303 MASTER BEDROOM UNIT 303 MASTER BATH UNIT 303 LAUNDRY UNIT 303 LIVING/KITCHEN UNIT 303 BATH 2 UNIT 303 BEDROOM 2 UNIT 303 HALL UNIT 201 LIVING/KITCHEN UNIT 201 BEDROOM 1 UNIT 201 BATH 1 8 8 H H A A 3 3 C C F F B B 1 1 5 5 E E 4 4 G G 6 6 D D 7 72 2 ROOF OVERHANG UNIT 304 LIVING/KITCHEN UNIT 306 BEDROOM 2 UNIT 302 BEDROOM 2 UNIT 302 LIVING/KITCHENUNIT 302 BEDROOM 1 NPROPOSED THIRD LEVEL 1/8" = 1'-0" 1 4 8 16 DRAWING SETS: NAME P + Z Submission ID SD ISSUE DATE 11/29/2016 STATUS Issued STRUCTURAL CONSULTANTS SURVEYOR MECHANICAL COPYRIGHT CONTRACTOR CIVIL SHEET TITLE PROJECT NO: DRAWN BY:AKP FORUM PHI LLC Josh Rice Woody Creek Engineering 520 East Hyman Ave #201 Aspen, CO 81611 970-309-7130 josh@woodycreekengineering.com TBD Mic Baca Studio M Engineers 308 North Hyland Park Dr Glenwood Springs, CO 81601 970-366-8690 studiom.engineer@gmail.com Frank Reynolds FRR Construction P.O. Box 2725 Aspen, CO 81612 970-948-3914 frank@frrconstruction.com Z-104 PROPOSED THIRD LEVEL Aspen CO 81611 404 PARK 715 West Main Street, Suite 204 Aspen, Colorado 81611 P: 970.279.4157 F: 866.770.5585 1507 12/5/16 DATE OF PUBLICATION Michael Lafferty Rocky Mountain Surveying 4133 Crystal Spring Rd Carbondale, CO 81623 970-379-1919 laff@sopris.net PARCEL ID # 273-707-404-705 LEGAL DESCRIPTION Lot 3 of Sunny Park Subdivision ZONE DISTRICT RMFP62 VI.A. P63VI.A. 404 Park Avenue AH Project Amendment Request Page 1 MEMORANDUM TO: Ben Anderson, Community Development Department FROM: APCHA Board of Directors THRU: Mike Kosdrosky, Executive Director Cindy Christensen, Deputy Director DATE: May 1, 2017 RE: Board recommendations from applicant’s Request to Amend Approval for 404 Park Avenue Housing Credits Project ISSUE Planning and Zoning Commission (P&Z) Resolution 11 (Series of 2016) approved 404 Park Avenue Affordable Housing Project as a mix of Category 3 and Category 4 ownership units, with one Resident Occupied Unit. The project was approved as a 100% ownership project and awarded 64 FTE credits – 32 Category 3 and 32 Category 4. The applicant is requesting the ability to create a 100% owner-occupied project, 100% rental project, or a mixed-residential (owner-occupied and rental) project. BACKGROUND The APCHA Board reviewed the request at their regular meeting held April 5, 2017 with concerns about a mixed-residential (owner-occupied and rental) project. The concerns that were raised at the meeting by staff were based on experience and financial industry feedback. APCHA staff believes a mix of ownership and rental units create several unintended consequences, including: 1. Financing – Lenders will not provide conventional financing if a project includes more rental units than ownership units, or if one entity owns more than 10% of the units in an HOA. Given that no one employer could own more than two units, this project could have between six and thirteen different employer-owned (rental) units in addition to fourteen individual (owner-occupied) units. 2. Compliance and Enforcement – The number one compliance issue APCHA faces is unresponsive landlords who fail to provide leases and have tenants qualify under program rules and deed restrictions. Without this information, it is difficult, if not impossible, for APCHA to determine if a unit is complying and serving a working P64 VI.A. 404 Park Avenue AH Project Amendment Request Page 2 household. Many owners are under LLC’s with no contact information. Ownership can change at any time without notification to APCHA. Staff physically have gone to properties to put notices on doors requesting qualification paperwork. With over 1300 rental units and 200 different landlords/owners in the APCHA inventory, there are currently 118 rental units (9%) that have never qualified under the deed restriction and another 227 units (17.5%) that are past due in providing re-qualification paperwork. 3. Quality of Life and Community Governance Issues – In APCHA’s experience, projects including a mix of owners and renters is problematic because of different standards, commitments, and shared-values toward the property. Further complicating mixed residential communities is the HOA itself. HOAs are much more difficult to govern and manage for owner-occupants required to work with absentee employer-owners. Often the interests of the two conflict, which can create quality of life and governance issues for the HOA community. 4. Administrative Burden and Program Complexity – The compliance and enforcement issues above create additional administrative burden and cost to taxpayers. Having up to 13 different employer landlords for the rental portion of this project would add to APCHA’s administrative burden by increasing the frequency of requalification requirements and associated compliance and enforcement. The 2016 Housing Guideline Policy Study stated that “Aspen has exceptionally complex Guidelines that requires a large staff to administer, are very hard to update, and difficult to understand.” It also states, “The result is that a complex program has been created over many years, which makes management, public education and compliance challenging…”. Without additional resources and policy changes to modernize operations and increase compliance and enforcement (e.g. fines), employer-owned rental units will be difficult to oversee and enforce. At the April 5, 2017 meeting, the applicant questioned staff’s concerns on an owners’ ability to obtain conventional financing when purchasing in a mixed-use or mixed-residential project. A mixed-residential project (i.e., a project containing a mix of both owner-occupied and rental units) that includes more than 49% rentals does not allow for conventional financing. The same applies for a mixed-residential project where one entity owns more than 10% of the units. The APCHA Board asked the applicant and staff to provide third-party opinions from local lenders concerning their lending policies for mixed-residential (owner-occupied and rental) projects. DISCUSSION The applicant has provided lender opinions confirming staff’s concerns. The applicant is requesting the flexibility to provide a 100% for-sale project, a 100% rental project, or a mixed- residential (owner-occupied and rental) project. If the project becomes mixed-residential, the conditions the applicant/developer must meet are as follows: 1. No more than 13 employer-owned rental units (below the 49% threshold); and 2. No more than 10% of the units owned by the same entity. P65 VI.A. 404 Park Avenue AH Project Amendment Request Page 3 On April 5, 2017, the APCHA Board recommended to allow the 404 Park Avenue Affordable Housing Project to become a mixed-residential (owner-occupied and rental) project under the following conditions: • The applicant should verify what lending options and obstacles exist for mixed-residential projects (i.e. owner-occupied/rental project) with any additional information provided by APCHA staff; • Each employer wanting to purchase a unit to lease must be qualified to purchase by APCHA. Specific criteria will be provided by APCHA to approve any employer before purchasing a unit for use as a rental to qualified employees (e.g., Pitkin County employer, City of Aspen Business License, etc.); • Self-employed individuals will not be allowed to purchase a unit to reside in themselves; • All new tenants and roommates must be approved PRIOR to signing a lease and occupying the unit; • All tenants will be required to complete the requalification packet as required under the Housing Guidelines and prior to signing a new lease or renewing the current lease; • All signed leases must be provided to APCHA and state the length of the lease and the amount of rent; • If at such time a unit is found out of compliance, and after receipt of APCHA’s Notice of Violation (NOV) and past the cure date deadline, the unit will be listed with APCHA and sold through the lottery process as an owner-occupied unit; • A fine of $500 will be assessed each day a unit is out of compliance; • Prior to Certificate of Occupancy, a deed restriction will be provided by APCHA to the applicant to be recorded. RECOMMENDATION Based on the additional information provided by the applicant requested by the APCHA Board, APCHA strongly recommends the following conditions, at minimum, be added to any Planning and Zoning Commission Resolution, the master deed restriction, and the deed restrictions controlling the employer-owned units (i.e. rental units). 100% Ownership Project: 1. As shown in the application, the unit sizes meet the 20% reduction requirement and the criteria for the reduction; therefore, the units meet the minimum square footage as stated in the Guidelines. 2. All bedrooms shall contain a closet. 3. All units shall include a refrigerator/freezer, stove/oven with hood, dishwasher, and washer/dryer hookups. P66 VI.A. 404 Park Avenue AH Project Amendment Request Page 4 4. Based on Part III, Section 6.C.3, Priority of Qualified Tenants and Owners Selected by Developer, of the Guidelines, the developer has the right to choose APCHA-qualified owners to occupy one-third of the affordable housing units if the households meet the top priority criteria (four-year minimum work requirement, minimum occupancy requirement, category, not own other property within the OEZ). Any units not pre- selected and the balance of the units shall be marketed and sold as stated in the Guidelines through APCHA. The developer has the right to select the initial APCHA qualified buyer (as stated above) of 30% of the units with the condition that the selected owners do not own any real estate within the ownership exclusion zone defined in the Guidelines. Any resales will go through the lottery system as stated in the Guidelines. 5. Based on the common elements that will need to be maintained by the HOA, no Category 1 or 2 shall be allowed; the request is to have a mix of Category 3 and Category 4 units. 6. APCHA must approve the initial sales price for the RO unit of which will be deed restricted accordingly and as stated in the Guidelines. 7. A Capital Reserve Study is required to be provided to the HOA and to APCHA by a certified reserve specialist at the time of Certificate of Occupancy, or within one month of CO. Extinguishment of any credits shall not be allowed until the Capital Reserve Study is completed and accepted by APCHA. 8. APCHA is satisfied with the proposed onsite parking and recommends that the Planning and Zoning Commission approve the project as is. 9. APCHA recommends that the Engineering Department reconsider the ability to have on- street parking for this project. 10. The developer shall obtain approval of all condominium documents to APCHA for review prior to acceptance. These shall include, but may not be limited to, the following: a. Articles of Incorporation b. By-Laws c. Condominium Declaration d. Condo Plat Map e. Nine required governance policies required by the Colorado Common Interest Ownership Act (CCIOA). f. Budget 11. At the closing on all units, the developer shall provide to each new homeowner a binder that will include, but may not be limited to, the following: a. All condominium documents stated in #8 above; b. All mechanical warranties, all warranties for appliances, etc. P67 VI.A. 404 Park Avenue AH Project Amendment Request Page 5 100% Rental Project: 1. All employers requesting to purchase a unit must obtain approval by APCHA and must meet the definition of a qualified Pitkin County Employer defined in the Guidelines and as it is amended from time to time. A City of Aspen business license will be one means of proof as a Pitkin County employer. Employer (Pitkin County Employer) - A business whose business address is located within Aspen and/or Pitkin County, whose business employs employees (as defined herein) within Pitkin County, who work in Pitkin County, and whose business taxes are paid in Aspen or Pitkin County. If an employer is not physically based in Pitkin County, an employee must be able to verify that they work in Pitkin County a minimum of 1500 hours per calendar year for individuals, businesses or institutional operations located within Pitkin County. 2. A self-employed owner cannot reside in the unit. 3. All new tenants must be approved PRIOR to signing a lease and occupying the unit. 4. Minimum occupancy for all units is required. 5. Employers cannot reside in the unit; units must be occupied by Qualified Employees. 6. All tenants/roommates will be required to complete the qualification packet prior to signing a new lease or renewing their current lease. 7. All tenants/roommates will be required to requalify as stipulated in the Guidelines and as they are amended from time to time. 8. All leases must be provided to APCHA and state the length of the lease, the amount of rent, and signed by both the tenant and the landlord. 9. If at such time the unit is found to be out of compliance, and upon receipt of APCHA’s Notice of Violation (NOV), a fine shall be assessed each day the unit is out of compliance. The fine will be $500 per day, unless specified differently in the Guidelines and as they are amended from time to time. 10. At such time the fines are assessed, the management of the noncompliant unit shall be turned over to APCHA to manage, and the owner will be required to pay a management fee as determined by APCHA. No fines or fees shall be assessed to the tenant. Mixed Ownership/Rental Project: 1. All criteria stated under 100% ownership units shall apply. P68 VI.A. 404 Park Avenue AH Project Amendment Request Page 6 2. All criteria stated under 100% rental project shall also apply. If the employer is found to be out of compliance, and after the Notice of Violation (NOV), a fine shall be assessed each day the unit is out of compliance. The fine will be $500 per day, unless specified differently in the Guidelines and as they are amended from time to time. The owner shall also be required to list the unit for sale with APCHA and sold through the lottery system. 3. The rental units must not exceed 49% of the total units within the project. 4. One entity/owners must not own more than 10% of any units within the project. 5. All rental units must meet the minimum occupancy requirements. 6. Employers must be approved by APCHA prior to purchasing the unit as stated above under the 100% rental project section. P69 VI.A. P70VI.A.